Guide
What Is an NFT? Digital Ownership Explained
Bottom line: proof of unique ownership
An NFT (Non-Fungible Token) is a certificate of ownership for a unique digital item recorded on a blockchain. Unlike Bitcoin, where every coin is interchangeable, each NFT has its own identity.
Key takeaways
NFTs don't prevent copying an image — they record who the rightful owner is and the item's history. Common uses: art, gaming items, memberships and tickets.
Common uses
- Art & collectibles
- Gaming — items you truly own
- Memberships & tickets
Cautions
- Prices are highly volatile and can fall to zero
- Fakes and impersonations are common — verify official links
- Owning an NFT usually isn't the same as owning the copyright
Sources
- Ethereum.org — NFTs: https://ethereum.org/en/nft/
Not financial advice
This article is for information only and is not investment advice. Crypto assets are volatile and carry risks including hacking. Do your own research and only use money you can afford to lose.
This article is informational only and is not financial, investment, or trading advice. Prices are reference snapshots and may be outdated. Always do your own research.
